Tesoro Corporation Announces Election of Edward G. Galante to Board of Directors
February 23 2016 - 04:19PM
SAN ANTONIO -
February 23, 2016 - Tesoro Corporation (NYSE:TSO) today
announced the appointment of Edward G. Galante to the Company's
Board of Directors, increasing the Board from nine to ten members,
effective March 1, 2016.
Mr. Galante served as Senior Vice
President and a member of the Management Committee of ExxonMobil
Corporation from 2001 until his retirement in 2006. Prior to that,
he held various management positions of increasing responsibility
during his more than 30 years with ExxonMobil, including serving as
Executive Vice President of ExxonMobil Chemical Company from 1999
to 2001.
Mr. Galante serves on the board of
directors of Celanese Corporation, Clean Harbors, Inc. and Praxair,
Inc. He also serves on the boards of the United Way Foundation of
Metropolitan Dallas and the United Way of Metropolitan Dallas, and
is the Vice Chairman of the Board of Trustees of Northeastern
University.
"We are delighted to welcome Ed to
our Board of Directors," said Greg Goff, Chairman, President and
CEO of Tesoro. "His strong industry knowledge, operational
leadership, strategic planning, risk management and financial
expertise will bring additional strengths and perspectives to our
Board."
Mr. Galante will serve on Tesoro's
Board of Directors until the Company's annual meeting of
stockholders in May 2016, at which time he will be a nominee for
election by stockholders.
Tesoro Corporation, a Fortune 100
company, is an independent refiner and marketer of petroleum
products. Tesoro, through its subsidiaries, operates six refineries
in the western United States with a combined capacity of over
875,000 barrels per day and ownership in a logistics business,
which includes a 36% interest in Tesoro Logistics LP (NYSE: TLLP)
and ownership of its general partner. Tesoro's retail-marketing
system includes over 2,300 retail stations under the ARCO®, Shell®,
Exxon®, Mobil®, USA Gasoline(TM) and Tesoro® brands.
Contact:
Investors:
Sam Ramraj, Vice President, Investor Relations, (210) 626-4757
Media:
Tesoro Media Relations, media@tsocorp.com, (210) 626-7702
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Tesoro Corporation via Globenewswire
HUG#1988796
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